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NEW YORK, Jan. 11 2004 – LAWFUEL – The Law News Network — Bloomberg,…

NEW YORK, Jan. 11 2004 – LAWFUEL – The Law News Network — Bloomberg, the leading global provider of business and financial news and data, today unveiled its Bloomberg Law Merger, Acquisition and Divestitures rankings for 2004. The global rankings are compiled by Bloomberg as part of Bloomberg Law, a comprehensive legal
information, news and analytics resource accessible on the Bloomberg terminal
at BLAW .

The Bloomberg Law rankings are based on the total value of
mergers, acquisitions and divestitures handled by firms worldwide. The
rankings are available real-time to Bloomberg users as part of the all-
inclusive Bloomberg terminal, also called the Bloomberg Professional(R)
service.

US Results
According to the year-end Bloomberg Law rankings, New York-based Sullivan
& Cromwell was the top firm for U.S. mergers, acquisitions and divestitures in
2004, working on over $278.4 billion worth of deals. Sullivan & Cromwell beat
out last year’s top firm Skadden Arps Slate Meagher & Flom, which totaled
$264.9 for 2004. Sullivan & Cromwell secured the top spot in part by handling
Aventis SA’s $72.7 billion takeover from Sanofi-Synthelabo SA. The transaction
formed Sanofi-Aventis SA, and was the year’s second-largest deal. Wachtell
Lipton Rosen & Katz ($260.0), Linklaters ($218.7) and Cravath Swaine & Moore
($197.7) rounded out the top five law firms that handled transactions in the
U.S.

All of top firms on the Bloomberg Law list saw a large increase in
activity from 2003, especially in the first and fourth quarters of 2004.

Top Ten Law Firms Advising U.S. Buyers and Sellers on Announced Deals,
2004

Firm Value (billions)
Sullivan & Cromwell $278.4
Skadden Arps $264.9
Wachtell Lipton $260.0
Linklaters $218.7
Cravath Swaine $197.7
Simpson Thacher $196.3
Clifford Chance $179.2
Arnold & Porter $146.8
Davis Polk $142.6
Slaughter and May $137.6

Europe Results
In Europe, London-based Linklaters was the top firm, advising on 154
transactions that totaled over $177.9 billion of deals, three times the firm’s
2003 numbers. Their biggest deal was Sanofi-Synthelabo SA’s $72.7 billion
takeover of Aventis SA and Royal. Linklaters beat out Clifford Chance
($157.3), Slaughter and May ($136.9), Sullivan & Cromwell ($106.6) and Cravath
Swaine & Moore ($103.0).
Overall, Europe experienced a 67 percent increase in value of announced
mergers, acquisitions and divestitures as deals totaled over $864.2 billion in
2004. Much like in the U.S., the first and fourth quarters were the most
active in Europe.

Top Ten Law Firms Advising European Buyers and Sellers on Announced
Deals, 2004

Value (Billions)
Firm 2004 2003
Linklaters $177.9 $55.8
Clifford Chance $157.3 $59.7
Slaughter and May $136.9 $47.9
Sullivan & Cromwell $106.6 $17.9
Cravath Swaine & Moore $103.0 $7.5
Bredin Prat & Associes $95.2 $15.5
Wachtell Lipton Rosen & Katz $91.7 $8.2
De Brauw Blackstone Westbroek $83.1 —
Davis Polk & Wardwell $80.6 $41.3
Arnold & Porter $77.2 $11.6

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British MP George Galloway and his opponent the Daily Telegraph will leave no stone unturned to sort out what could be a spectacular libel case.